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# EMU Member Countries and Exchange Rates

The following table shows the EMU member countries and the respective exchange rates of the euro to the old national currencies. More countries are expected to join the EMU later.

Table 11. EMU Exchange Rates

Country | ISO Code | Full Description | Exchange Rate
--- | --- | --- | ---
Austria | ATS | Austrian Schilling | 1 euro = 13.7603 S
Belgium | BEF | Belgian Franc | 1 euro = 40.3399 bfrs
Finland | FIM | Finnish Mark | 1 euro = 5.94573 Fmk
France | FRF | French Franc | 1 euro = 6.55957 FF
Germany | DEM | German Mark | 1 euro = 1.95583 DM
Ireland | IEP | Irish Pound | 1 euro = 0.787564 Ir. £
Italy | ITL | Italian Lira | 1 euro = 1936.27 Lit
Luxembourg | LUF | Luxembourgian Franc | 1 euro = 40.3399 lfrs
Netherlands | NLG | Dutch Guilder | 1 euro = 2.20371 hfl
Portugal | PTE | Portuguese Escudo | 1 euro = 200.482 Esc
Spain | ESP | Spanish Peseta | 1 euro = 166.386 Ptas

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